Can I retire at age 54 with 445,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $445,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$36,748$36,420$36,101$35,789$35,485$34,390
2 years$18,192$17,853$17,525$17,206$16,898$15,804
3 years$12,007$11,667$11,340$11,024$10,721$9,663
4 years$8,916$8,577$8,252$7,942$7,646$6,632
5 years$7,061$6,724$6,404$6,101$5,812$4,845
6 years$5,825$5,491$5,176$4,879$4,599$3,679
7 years$4,943$4,611$4,301$4,011$3,740$2,868
8 years$4,281$3,953$3,647$3,365$3,103$2,277
9 years$3,767$3,441$3,142$2,866$2,613$1,833
10 years$3,356$3,033$2,739$2,471$2,227$1,491
11 years$3,020$2,701$2,411$2,150$1,915$1,223
12 years$2,740$2,424$2,140$1,886$1,659$1,009
13 years$2,503$2,190$1,912$1,665$1,447$837
14 years$2,300$1,991$1,718$1,478$1,268$698
15 years$2,125$1,819$1,551$1,318$1,117$583
16 years$1,972$1,669$1,406$1,180$987$489
17 years$1,836$1,537$1,280$1,060$875$411
18 years$1,716$1,420$1,168$956$778$346
19 years$1,609$1,316$1,069$864$694$291
20 years$1,512$1,223$981$782$620$246
21 years$1,425$1,139$903$710$554$208
22 years$1,346$1,063$832$645$497$176
23 years$1,274$995$768$588$446$149
24 years$1,208$932$710$536$401$126
25 years$1,147$875$658$490$361$107
26 years$1,091$822$610$448$325$91
27 years$1,040$774$567$410$293$77
28 years$992$729$527$375$264$65
29 years$947$688$490$344$239$55
30 years$906$649$457$316$216$47
31 years$867$614$426$290$195$40
32 years$831$581$397$267$176$34
33 years$797$550$371$245$160$29
34 years$765$521$347$226$145$25
35 years$735$494$324$208$131$21
36 years$707$469$303$191$119$18
37 years$680$446$284$176$108$15
38 years$655$424$266$162$97$13
39 years$631$403$249$150$88$11
40 years$608$383$233$138$80$9
41 years$587$365$219$127$73$8
42 years$567$347$205$118$66$7
43 years$547$331$193$109$60$6
44 years$529$316$181$100$54$5
45 years$511$301$170$93$49$4
46 years$494$287$159$86$45$3
47 years$478$274$150$79$41$3
48 years$463$262$141$73$37$3
49 years$448$250$132$67$34$2
50 years$434$239$124$62$30$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $445,000, adding $3,565 every year, while hoping to spend $26,807 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/13/12 Blend
53$445,000$445,000$445,000$445,000
54$494,067$470,482$463,585$529,681
55$515,940$465,013$450,592$548,199
56$539,145$458,378$436,266$564,774
57$563,790$450,491$420,534$582,197
58$589,993$441,262$403,318$600,543
59$617,882$430,594$384,539$619,896
60$647,600$418,386$364,115$640,348
61$679,299$404,531$341,957$662,001
62$713,149$388,915$317,974$684,968
63$749,336$371,417$292,072$709,375
64$788,062$351,911$264,150$735,359
65$829,551$330,261$234,105$763,075
66$874,046$306,325$201,829$792,689
67$921,816$279,952$167,208$824,391
68$973,155$250,983$130,123$858,386
69$1,028,386$219,251$90,452$894,904
70$1,087,864$184,576$48,064$934,198
71$1,151,978$146,772$2,826$976,546
72$1,221,156$105,640$0$1,022,259
73$1,295,867$60,970$0$1,077,498
74$1,376,629$12,541$0$1,137,585
75$1,464,009$0$0$1,202,596
76$1,558,631$0$0$1,278,717
77$1,661,182$0$0$1,363,176
78$1,772,415$0$0$1,454,802
79$1,893,160$0$0$1,554,280
80$2,024,330$0$0$1,662,364
81$2,166,929$0$0$1,779,883
82$2,322,060$0$0$1,907,750
83$2,490,939$0$0$2,046,968
84$2,674,902$0$0$2,198,642
85$2,875,421$0$0$2,363,988
86$3,094,115$0$0$2,544,343
87$3,332,766$0$0$2,741,181
88$3,593,336$0$0$2,956,121
89$3,877,983$0$0$3,190,948
90$4,189,085$0$0$3,447,626
91$4,529,260$0$0$3,728,319
92$4,901,388$0$0$4,035,407
93$5,308,643$0$0$4,371,512
94$5,754,518$0$0$4,739,521
95$6,242,861$0$0$5,142,614
96$6,777,908$0$0$5,584,292
97$7,364,326$0$0$6,068,410
98$8,007,253$0$0$6,599,216
99$8,712,350$0$0$7,181,387
100$9,485,849$0$0$7,820,074